News Results

  1. Freddie Mac Announces Action to Make Down Payment Assistance Programs More Accessible for Individuals and Families Across the Nation
    GlobeNewswire | 01:00 PM EST

    Freddie Mac??today announced new, standardized mortgage documents that increase clarity, consistency and accessibility of down payment assistance programs nationwide. ?Saving for a down payment continues to be the largest barrier to homeownership for lower-income and first-time homebuyers,? said Danny Gardner, Single-Family Senior Vice President of Mission and Community Engagement at Freddie Mac.

  2. Mortgage Rates Drop for the Fifth Consecutive Week
    GlobeNewswire | 11/30/23 12:00 PM EST

    Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 7.22 percent. ?Market sentiment has significantly shifted over the last month, leading to a continued decline in mortgage rates,? said Sam Khater, Freddie Mac?s Chief Economist.

  3. AI-powered computer vision technology offers lenders, appraisers image validation solution designed for GSE-compliance
    GlobeNewswire | 11/29/23 10:30 AM EST

    National banks and mortgage lenders are scrambling to incorporate image recognition into their appraisal review process, as the leading Government Sponsored Enterprise announced it will use "image recognition" to detect incorrect quality and condition ratings. GSEs require appraisal reports to include interior and exterior photos of subject properties.

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.